Economy

The cash rate has hit a new record low, after the Reserve Bank of Australia shocked many by changing the cash rate for the first time in 15 months.

The cash rate for December has been announced by the Reserve Bank of Australia, surprising many industry commentators.

Dwelling values in the NSW capital have dropped by 0.7 per cent in November, bringing the overall drop in values to 1.3 per cent over the quarter.

The Australian banking industry needs to win back community trust and “better explain the value [it brings] to the community and the Australian economy and, in so doing, better preserve ...

The Property Investment Professionals of Australia has announced changes to its leadership team, after property expert Ben Kingsley stepped down as chairman.

Insurance provider Youi has refunded 102 consumers approximately $14,000 and will pay $150,000 as a community benefit payment to the Financial Rights Legal Centre’s Insurance Law Service, ...

Standard & Poor’s has warned that a royal commission into the banks could force the ratings agency to revise its view of the Australian banking sector.

Heritage Bank has announced the appointment of Paul Williams to the chief financial officer role on a permanent basis.

The Housing Industry Association has upgraded its forecasts for new home building activity as sales remain strong.

The non-bank lender has successfully priced its $250 million specialist RMBS transaction “RedZed Trust Series 2017-2”.